Oregon § 391.600 Tax exempt status of income, property and bond interest

Oregon Statutes

§ 391.600 — Tax exempt status of income, property and bond interest

Oregon § 391.600

Vol.10

Title 31Highways, Roads, Bridges and Ferries

Ch. 391Mass Transportation

This text of Oregon § 391.600 (Tax exempt status of income, property and bond interest) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 391.600 (2026).

Text

(1)The income and, to the extent permitted by the Constitution, the property of the Oregon Mass Transportation Financing Authority shall be exempt from all taxation in the State of Oregon. For purposes of the Oregon Securities Law, bonds issued by the authority shall be deemed to be securities issued by an instrumentality or a political subdivision of the State of Oregon.

(2)Interest payable on bonds of the authority shall be exempt from taxes imposed on income by the State of Oregon.

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(1) The income and, to the extent permitted by the Constitution, the property of the Oregon Mass Transportation Financing Authority shall be exempt from all taxation in the State of Oregon. For purposes of the Oregon Securities Law, bonds issued by the authority shall be deemed to be securities issued by an instrumentality or a political subdivision of the State of Oregon.
(2) Interest payable on bonds of the authority shall be exempt from taxes imposed on income by the State of Oregon.